Lets not talk about markets. Lets talk about single stocks we are basically focused on the single stock and of the spectrum. Look at the stoxx 600. Going nowhere in a hurry certainly. Deutsche bank delivers. Deutsches is up by 7 . The Software Company during very well. The single stock stories is really where the action is right now. Is there anything that joins them together . Can we derive a narrative for what we see in the screen in front of us . Alix the divergence between google and microsoft in the Stock Performance is striking. Google is down 8 , almost 9 . It is bringing down the s p, worst performing stock within the s p. You have the underlying earnings as a specific google thing that is moving. The indices is getting hit pretty hard. Microsoft and tmobile makeup from it for it on the tech side. Yields are already up by five basis points. It is probably not helping the macro sentiment. What is them to read through . Then what . What is our take away from that . Guy i am start
Exchange on cnbc. Im wilfred frost. A quick check on futures pointing lower once again. We were down in the high 200 points, just above that now in terms of declines, down 302, crossing that 300 mark the s p down 25 points nasdaq down 68 crazy day yesterday. We crossed the flat line many times throughout the session well have more analysis on that in a moment. First breaking news, steve wynn is out following allegations of Sexual Misconduct. Contessa brewer is live in carson city and has been covering this story for us what is the latest this is really sending a tremor through the gaming industry in nevada a pivotal inflew he weew influel leader is resigning. He said in the last couple of weeks i have found myself in an avalanche of negative publicity, i have reached the conclusion i cannot continue to be effective in my current role the fact he is resigning from his role as chairman of the board of a company he founded shocked those who are close to him. I spoke to a source who said t
Over the next 12 months. Hildebrand is former president of the Swiss National bank. We will get his Investment Outlook for 2017. After a year of sluggish growth, low Interest Rates and mounting regulatory pressure. Could the worst be over for the Banking Industry . We asked the president of the bank of the institute of International Finance. And we will interview the chairman of europes largest bank, hsbc. At your markets. This is a picture of european stocks retreating a touch before the fed decision later this afternoon. It seems that caution is prevailing on the markets. This is what we are seeing, european stocks dropping. Crude also retreating on Industry Data showing stockpiles actually increased. Lets get to the first word news. Here is nejra cehic. Nejra Goldman Trading at a 10 year low ahead of the hotly anticipated Interest Rate decision. Investors are expecting policy makers led by janet yellen the Central Banks first type hike of the year, with records for the dow close to
Seventh straight quarters that amazon has been in the black. Deidre bosa, san francisco. Despite amazons pull back in late day trading today the stock is up more than 7 this year similar to other tech stocks. In fact, the tech focus nasdaq 100 has risen more than 5. 5 since the 2015 easily outperforming both the dow and s p 500. But there are some headwinds and additionally some tailwinds but those headwinds could derail the rally that has been going on in the tech sector since the beginning of the year. Scott tesler head of Technology Equity search as cfra search and he joins us now to discuss. Scott, technologies off to a good start. Can it keep it up . To some extent we think so, tyler. Its basically tied for first as the best performing s p 500 sector at least through january up 4. 2 and we think that really reflects a couple of realities. One is these stocks were not, lets say, loved post election. A lot of people were gravitating too sectors and names that people thought would be